News ID: 151415
Published: 0710 GMT May 15, 2016

Tehran poised to become Middle East's biggest LPG exporter

Tehran poised to become Middle East's biggest LPG exporter

Managing director of the World LPG Association (WLPGA) said liquefied petroleum gas (LPG), as a clean, abundant and cheap form of energy, can address many of the world's energy challenges and Iran is to become the Middle East's biggest LPG supplier in the post-sanctions setting.

Speaking to Shana, James Rockall said, "There are a lot of energy challenges facing the world; energy challenges such as energy security, lack of access to clean energy, air pollution, growing GDP, growing populations in countries that don't have infrastructure for clean energy right now."

He said these will produce demand for LPG, particularly for residential use since LPG is a unique source of energy in a bottle, it is a modern energy that can go anywhere.

"If you look at Iran in the post-sanctions era, it is going to become the largest LPG exporter in the Middle East — which is 40 percent of its exports," said Rockall.

"The countries where the demand is going to be the greatest are close-by; we are looking at southern Southeast Asia, we are looking at east Africa and sub-Saharan Africa. So these are markets that Iran could export into," he added.

He said WLPGA would like to work with the Iranian industry to help accelerate the development of those markets since strategically it is in the interests of Iranian producers to have markets to export into right now when there is a lot of competition on the supply side.

WLPGA is the authoritative voice of the global LPG industry representing the full LPG value chain. The association's primary goal is to add value to the sector by driving premium demand for LPG, while also promoting compliance to good business and safety practices.

The WLPGA brings together over 200 private and public companies operating in more than 125 countries involved in one, several or all activities of the industry, develops long-term partnerships with international organizations; and implements projects on local and global scales. The association was established in 1987.

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